Average guest spending at the park fell by 1 percent. Hotel occupancy fell by 8 percentage points to 70 percent, but per room guest spending rose by 8 percent and available room nights rose by 2 percent.

Forty-one percent of the visitors were from Hong Kong, 36 percent from the mainland and 23 percent from other places, the park said.

Paul Chan, a member of the Legislative Council (LegCo) of the Hong Kong Special Administrative Region (HKSAR), said the worst might be behind for the theme park.

Chan expected the park performance to be stable in the current fiscal year, as the economy improves. Nevertheless, it would not be easy for the park to record profit in the near term, given the ongoing expansion project.

He said the performance of the park is likely to improve substantially after the expected completion of the expansion project in 2014.

Fred Li, a LegCo member, said the park should make efforts to attract more visitors from the mainland and other places.